We've basically gone nowhere in the two sessions since yesterday's gap up opening. I see signs that things are swinging to the bulls' favor in the short term but who knows if they'll step up ahead of the holiday week. Keep in mind that this is an expiration week, so watch for pins...
Trend Table
No change
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Down | Down |
| Intermediate | Down | Down | Down |
| Short-term | Down | Down | Down |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
*** I'm simply using the indices' relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
Positive news from ORCL and Nike after-hours should help with a positive opening tomorrow. If RIMM keeps up the good news markets could stay positive. December options expiry tomorrow too, right?